Can a user who has manually verified bank accounts, KYC, and KYB apply for the Line of Credit?
No, the users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.
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Who is eligible to apply for the Line of Credit?
The users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.
How do you apply for a Line of Credit?
Log in to Online Check Writer and go to Line of Credit. Click Get Started and Continue. Select the business. Choose the bank account verified with the instant verification method or add new bank. Click Apply Now to apply for the Line of Credit. Users ...
How to add a bank account?
There are three ways to add a bank account. Method 1: Add an existing bank account manually. Log in to Online Check Writer and navigate to Bank Accounts. Click the + New button and select Add Manually. Add your banking information by filling in ...
What criteria are considered when approving a Line of Credit?
The Line of Credit is approved based on the bank connection for verification, the user's bank transaction history, business metrics, users with a minimum of 12+ months in business, the business with $30,000+ in monthly revenue, and the business ...
How can I add a Canadian Bank Account?
When adding a new bank the MICR line design will be 'USA' by default. Switch countries on the top bar and template will update to the appropriate country To add Symbol under the Account Number field > enter a - sign Example: